Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years
Posted by Hamilton Project on June 13, 2016
Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years
Low-income households spent less money in 2014 than they did in 1984, while middle- and high-income households increased their budgets, according to a new report from the Hamilton Project. Where Does All the Money Go: Shifts in Household Spending Over the Past 30 Years finds that in the last three decades, low-income households saw their budgets shrink by 4 percent and now spend more money than ever on basic needs such as housing and food. Low- and middle-income families spend much more on housing and health care than they did 30 years ago, accounting for much of the budgeting shift, according to the report.
Read the full report here.
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